EVI Industries Reports 10% Revenue Growth and 33% Net Income Increase for Fiscal Year Ending June 30, 2025

EVI Industries, Inc. reported a 10% increase in total revenues for the fiscal year ending June 30, 2025, reaching approximately $389.8 million, compared to $353.6 million in the previous fiscal year. The company's net income also saw a significant rise, increasing by 33% to $7.5 million from $5.6 million in fiscal 2024. This growth was primarily driven by revenues generated from acquisitions made during the fiscal year, as well as price increases across the company's product lines and service offerings, which were implemented to maintain or enhance profit margins amid rising operational costs.

The company undertook several strategic acquisitions during fiscal 2025, including Laundry Pro of Florida, O'Dell Equipment & Supply, Haiges Machinery, and Girbau North America, for a total consideration of approximately $51 million. These acquisitions are expected to enhance EVI's market presence and operational capabilities in the commercial laundry sector. The company also completed acquisitions in the previous fiscal year, including ALVF, Inc. and Signature Services Corporation, which contributed to its overall growth strategy. As of June 30, 2025, EVI's total assets increased to $307 million, up from $230.7 million the previous year, largely due to the assets acquired through these transactions.

Operationally, EVI Industries serves a diverse customer base of approximately 55,000 clients across the United States, Canada, the Caribbean, and Latin America. The company reported a gross margin of 30.4% for fiscal 2025, an improvement from 29.8% in the prior year, attributed to favorable changes in product and customer mix. The company’s employee headcount stood at 850 as of August 1, 2025, reflecting its commitment to expanding its workforce to support growth initiatives.

Looking ahead, EVI Industries anticipates continued growth driven by its "buy-and-build" strategy, which focuses on acquiring complementary businesses and enhancing operational efficiencies. The company is also mindful of potential risks, including economic uncertainties, labor shortages, and supply chain disruptions, which could impact its ability to deliver products and services effectively. Management believes that existing cash reserves, operational cash flow, and available credit will be sufficient to support its operations and growth plans for the foreseeable future.